1794 Normandy Dr 4 Unit Apartment Building $1,375,000 ($343,750/Unit) 3.66% Cap Rate Miami Beach, FL 33141

DEVELOPERS & INVESTORS—Rare opportunity to acquire two adjacent four-unit multifamily properties at 1784 and 1794 Normandy Drive in Miami Beach. Offered together, the properties comprise eight (8) existing rental units on approximately 12,500 SF of combined land with approximately 100 feet of frontage in desirable Normandy Isle. The assemblage provides immediate income with compelling long-term redevelopment potential. Preliminary conceptual planning indicates the site may accommodate approximately 12 contemporary townhouses configured as two six-unit modules, subject to verification of zoning, FAR, parking, historic classification and all required City approvals. The properties are located within the RM-1 multifamily district and North Beach National Register Conservation District Overlay. An excellent opportunity to renovate, hold for income or explore a boutique residential redevelopment. See attachments for Conceptual development study. No development plans or unit count are approved or guaranteed. Buyer must conduct independent due diligence with the City of Miami Beach. Please do not disturb tenants. Contact Frank Aravya for all questions at 305-989-9312